Perfume Businessman Piyush Jain Arrested: Kannauj perfume trader Piyush Jain has been arrested in UP for tax evasion. A team of GST Intelligence from Ahmedabad has arrested Piyush after 50 hours of lengthy interrogation. According to India Today, Piyush Jain is likely to be taken from Kanpur to Ahmedabad for questioning soon.
According to a report by Kumar Abhishek associated with India Today, Piyush Jain has been arrested under Section-69 of the CGST Act. Goods and Services Tax (GST) officials have informed that during the raid, a large cellar was found inside the house of the perfume trader, and 16 valuable property documents were found.
Perfume Businessman Piyush Jain Arrested
These include four property documents in Kanpur, 7 in Kannauj, 2 in Mumbai, 1 in Delhi and 2 in Dubai. On Sunday, a team of the Income Tax Department also reached Piyush Jain’s ancestral residence in Kannauj, where 18 lockers and 500 keys were found.
Altogether, Rs 281 crore in cash and several kilos of gold have been recovered from Piyush Jain’s hideouts in 120 hours of action so far. However, the official information from the Directorate General of GST Intelligence (DGGI) regarding the raid and recovery is yet to come.
On Thursday, 23 December, the team of DGGI and the Income Tax Department raided the house of Kannauj’s perfume trader Piyush Jain in Kanpur. The officials who reached Jain’s house found bundles of notes on the shelves. After this, the Income Tax Department was informed. The Income Tax team found so much money in the perfume trader’s house that machines were called to count the notes. The cash was counted through a total of eight machines.
How the team of GST Intelligence reached Piyush Jain
According to India Today’s Kumar Abhishek, the Ahmedabad DGGI team had received strong information that a transport businessman in Kanpur creates fake receipts and evades tax without generating Eway Bill. The team recently caught a truck; the bill for the goods going in this truck was made in the name of fake companies.
All the bills were less than 50 thousand rupees so that Eway Bill would not have to be made. After this, the DGGI team raided the house and office of this transporter. Here DGGI got about 200 fake bills. From here, some connection between Piyush Jain and counterfeit bills was traced after this DGGI raided the house of Piyush Jain.
Who is Piyush Jain?
Piyush Jain does his perfume business in the famous perfume street of Kannauj. They also have offices in Mumbai. Income Tax has more than forty such companies through which Piyush was running his perfume business. Piyush is also associated with the business of gutkha. Most of the pan masala manufacturers in Kanpur are his customers. They buy pan masala compound from Piyush itself. It is said that due to the business of gutkha, Piyush Jain had to leave Kannauj and come to Kanpur.